contraction, and, by the way, no serious economy it's is saying that we're going to go into a recession this year. i mean, the underlying economy is still pretty good, as you said. 70% consumer spending. consumer spending has been pretty robust. by the way, that's down to the fed, which has been propping up asset prices for the last few years. stocks, bonds, real estate, et cetera. so long the housing market is still up, construction is still up, and have you these underlying things coming look, we're going to be fine. i think the jobs numbers tomorrow will be interesting, and that's fwb toe telling, but i don't think that this is a contraction that's going to last the rest of the year. i would make the point, though, that cuts to any kind of government spending have an impact. >> right. >> it's interesting. i just came last week from world economic forum in davos in switzerland, and there the story -- >> you have all the answers for us. >> i have no answers, but i did a lot of talking. there was no action whatsoever. but the story there was really, you know, europe is just so beleaguered still because they've been following a program of cuts and austerity that isn't working, and that's a message that we really need to remember here at home.